This week saw several significant events in the DeFi and crypto world, shaping the industry's future.
White House Crypto Role Discussion
President-elect Donald Trump’s transition team is in talks to establish a White House position dedicated to cryptocurrency policy. This proposed role aims to coordinate crypto regulations across federal agencies like the SEC and CFTC. Industry advocates hope this position will have direct access to Trump to influence key decisions.
Bitwise Joins Solana ETF Race
Digital asset manager Bitwise has filed for the registration of a "Bitwise Solana ETF Trust" with the SEC, aiming to launch a Solana-focused exchange-traded fund. This move positions Bitwise alongside competitors like VanEck and Canary Capital in the race to introduce Solana ETFs.
Launch of MBRL Stablecoin on TRON
Mercado Bitcoin, Latin America's largest digital asset platform, has introduced MBRL, a stablecoin tied to the Brazilian Real and launched on the TRON blockchain. Users can acquire MBRL through Mercado Bitcoin’s order book or by depositing BRL for instant conversion. The stablecoin is managed by MB Pay.
Summing up the week, the world of DeFi and crypto continues to evolve. Discussions around policy are becoming more active, and interest in ETFs and new stablecoins is growing.
